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An Annuity Can Still Make Sense

Sunday, February 5, 2012 - 11:48 AM
As described in this WSJ article, an immediate income annuity can make sense if you understand its pros and cons:
Buying an immediate income annuity—an insurance product in which you exchange a lump sum for guaranteed monthly payments for life—lets you skirt two big retirement risks: that a market crash will decimate your savings, and that you'll outlive your money.

I looked into immediate fixed annuities in this blog post.
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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